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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $241.90
- 4 Days on Market
- MLS # : T3282083
- Updated Date : 12/25/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,067 sqft
- Baths : 2 full
Listing Agent
Realnet Florida Real Estate
Listing Agent's Description
Stunning Renovated Golf Course home. Many new updates throughout this open floor plan home. Kitchen features new cabinets, new quartz countertops, new stainless steel appliances and tile backsplash. Dining Room features more cabinetry and counters plus a new wine fridge. New flooring, light fixtures and plumbing fixtures throughout. Both bathrooms have been completely updated with new tile, new frameless shower doors and new vanities and mirrors. Fresh interior and exterior paint and updated landscaping. The golf course views are stunning and there is room to add a pool if desired. Move fast as this one will go quick!
SEE MORE
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
PRICE & RENT TRENDS
Neighborhood: The Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,845 |
| Property Tax | -$468 | |
| Property Insurance | -$163 | |
| HOA | -$106 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$170
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$500,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
4.42
YEARS SAVED
$24,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,995
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.80
-
3432 Crystal Lakes Ct Sarasota, FL 3
- 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1992
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,995
- $1.06
-
5307 Angeles Ave Sarasota, FL 4
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2006
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.12
PROPERTY LISTING DETAILS
1.941.685.3883
Realnet Florida Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282083
Last Updated: 12/25/2020
